Success Stories

If a business’s financial systems don’t function well, no amount of funding will help the business run smoothly. That’s what co-owners Ricardo Picón and Clarisa Penzini learned when they approached Excelsior Growth Fund (EGF) for a loan for their restaurant and catering business.
Natives of Venezuela, Clarisa and Ricardo fulfilled a lifelong dream when they opened The Sandwich Shop in Williamsburg, Brooklyn in 2013. Using slow cooked meats, artisanal ingredients, and [...]

David Tyler, CEO of Advanced Automation Corporation (AAC), a family-owned company providing services to the Department of Defense and defense contractors, knew he had a significant competitive advantage in submitting a proposal for the production of sit-and-stand desks. “This project required customization, which bigger companies don’t do,” said David, “so we bid on the project, and won.”
Winning the project with the National Geospatial-Intelligence Agency, [...]

“EGF rescued us and is helping us pay off those high interest loans at rates that are almost half what we were paying. Just as importantly, EGF pointed out pitfalls in the way we were doing business.” - Jamar White, co-founder and owner of Buffalo Boss.
Sometimes, even the hottest business can use a little help.
Founded in 2010 with the help of some friends and family, Buffalo Boss has been a Brooklyn-based success story. The quick service restaurant serves [...]

“There’s such a freedom attached to this program,” Cruz says. “I am saving quite a bit of money, which I can put back into the business. It’s amazing, when you consider that I had been directing everything to pay off those online loans.”
The SmartLoan™ application process is intended to take applicants less than 30 minutes to complete. A team decides on the loan in 48 hours, and approved loans are funded within five days.
Maria Cruz opened [...]

“Overall, the experience was great. David Hanold and the whole EGF team helped make our dream possible. They were flexible, fast and efficient—everything you want when starting a business. Plus, they made it stress free. It was a pleasure to work with them.” -Patrick Haidon, co-owner with Dan Borowski and John Henninger, Dan & John’s Wings, Manhattan, NY.
Three guys found their Buffalo connection at Brooklyn’s massive [...]

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About Us

Excelsior Growth Fund (EGF) promotes economic development and job creation in New Jersey, New York and Pennsylvania by providing streamlined access to small business loans and business advisory services. Excelsior Growth Fund is a not-for-profit 501(c)(3) and certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI).